Master this REVERSAL setup
Consider price is in the downtrend- LL, LH formation creating IMPULSIVE MOVE. Mostly corrective move have 3 upside failed pushes and another BoS on downside and failing to retest creates "pinbar" and price extend further downside breaking 3 candle retracement. After that any pullback into an OB i.e. failed retest could be a potential opportunity.
(1st) Failed to make HH-HL
(2nd)BoS of Structural range (deep pull back)
(3rd) BoS of 3 candle retracement (Pin bar formation)
(4th) Pull back into OB will be an entry point.
(1st) Failed to make HH-HL
(2nd)BoS of Structural range (deep pull back)
(3rd) BoS of 3 candle retracement (Pin bar formation)
(4th) Pull back into OB will be an entry point.
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